Supershakti Metaliks (BOM:541701) Days Payable : 21.35 (As of Sep. 2023)

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What is Supershakti Metaliks Days Payable?

Supershakti Metaliks's average Accounts Payable for the six months ended in Sep. 2023 was ₹314 Mil. Supershakti Metaliks's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹2,683 Mil. Hence, Supershakti Metaliks's Days Payable for the six months ended in Sep. 2023 was 21.35.

The historical rank and industry rank for Supershakti Metaliks's Days Payable or its related term are showing as below:

BOM:541701' s Days Payable Range Over the Past 10 Years
Min: 13.37 Med: 19.38 Max: 86.32
Current: 15.63

During the past 10 years, Supershakti Metaliks's highest Days Payable was 86.32. The lowest was 13.37. And the median was 19.38.

BOM:541701's Days Payable is ranked worse than
84.98% of 586 companies
in the Steel industry
Industry Median: 41.325 vs BOM:541701: 15.63

Supershakti Metaliks's Days Payable increased from Sep. 2022 (17.32) to Sep. 2023 (21.35). It may suggest that Supershakti Metaliks delayed paying its suppliers.

Supershakti Metaliks Days Payable Historical Data

The historical data trend for Supershakti Metaliks's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Supershakti Metaliks Days Payable Chart

Supershakti Metaliks Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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19.32

16.87

19.44

13.37

13.56

Supershakti Metaliks Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial											13.31	10.54	17.32	10.28	21.35

Competitive Comparison of Supershakti Metaliks's Days Payable

For the Steel subindustry, Supershakti Metaliks's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Supershakti Metaliks's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Supershakti Metaliks's Days Payable distribution charts can be found below:

* The bar in red indicates where Supershakti Metaliks's Days Payable falls into.

Supershakti Metaliks Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Supershakti Metaliks's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (274.153	+	220.121)	/	2 )	/	6653.268	*	365
=	247.137					/	6653.268	*	365
=	13.56

Supershakti Metaliks's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (220.121	+	407.654)	/	2 )	/	2683.096	*	365 / 2
=	313.8875					/	2683.096	*	365 / 2
=	21.35

Supershakti Metaliks Days Payable Related Terms

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Supershakti Metaliks (BOM:541701) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Supershakti Metaliks Ltd (BOM:541701) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

39 Shakespeare Sarani, Premlata Building, 3rd Floor, Kolkata, WB, IND, 700 017

Website

http://www.supershaktimetaliks.com

Supershakti Metaliks Ltd is a steel products manufacturer. The company operates mainly in one business segment namely Iron and Steel Product. The company's products include Wire rods, HP wire, Binding wire, and Billet wire. The company sells its products in India and also exports it to other countries, of which prime revenue is generated from the sales made in India.

Supershakti Metaliks (BOM:541701) Headlines

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